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Indiana Mortgage Lending Surety Bond
Bond Requirements and Online Application
The Indiana Mortgage Loan Broker Bond is required by the Indiana Secretary of State Securities Division.
According to the National Mortgage Licensing System, the Indiana Mortgage Loan Broker Bond is required of “any company that, in return for any consideration from any source procures… a residential mortgage loan from a third party or any other person, whether or not the person seeking the loan actually obtains the loan”. The bond protects the public from any damages caused by the broker’s noncompliance with Title 23, Article 2 of the Indiana Code.
The required amount of an Indiana Mortgage Loan Broker Bond depends on the previous year’s loan volume:
If the loan volume is less than $5 million, the required bond amount is $50,000.
If the loan volume is between $5 million and $20 million, the required bond amount is $60,000.
If the loan volume is more than $20 million, the required bond amount is $75,000.
How to Get Your Indiana Mortgage Lending Surety Bond
1. Complete an online application. It's free and no-obligation.2. One of our surety experts will contact you with a firm quote and an agreement to sign.3. Provide payment and your signed agreement, and then you will receive your Indiana Mortgage Lending Surety Bond!If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply OnlineUsing our Free & Secure Application2. Get Your Free QuoteApplications are No-Obligation3. Get Your BondMost Bonds are Approved in 1-2 Business Days